• In re Lehman Bros. Holdings Inc.

    Publication Date: 2020-08-18
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Per Curiam
    Attorneys: For plaintiff: For Plaintiff-Appellant Lehman Brothers Special Financing, Inc.: William F. Dahill, on the brief, Paul R. Defilippo, Wollmuth Maher & Deutsch LLP, New York, NY
    for defendant: For Defendant-Appellee First Northern Bank and Trust Company: William A. Slaughter, Ballard Spahr LLP, Philadelphia, PA; Leslie C. Heilman, Ballard Spahr LLP, Wilmington, DE. For Defendants-Appellees Garadex Inc., Gatex Properties Inc., and Morgan Stanley & Co., Incorporated: John H. Thompson, McGuire Woods LLP, Washington, DC. For Defendants-Appellees General Security National Insurance and SCOR Reinsurance Company: Scott Walter Reynolds, Chaffetz Lindsey LLP, New York, NY; Nicole E. Schiavo, Peter A. Ivanick, Hogan Lovells US LLP, New York, NY. For Defendants-Appellees Genworth Life and Annuity Insurance Co., Magnetar Constellation Fund II Ltd Magnetar Constellation Master Fund III Ltd, Magnetar Constellation Master Fund Ltd., and UniCredit Bank AG, London Branch: Nicholas P. Crowell, Alex R. Rovira, Andrew P. Propps, Sidley Austin LLP, New York, NY. For Defendant-Appellee LGT Bank in Liechtenstein Ltd: Gregory F. Hauser, Wuersch & Gering LLP, New York, NY. For Defendant-Appellee The Liverpool Limited Partnership: Matthew J. Gold, Kleinberg, Kaplan, Wolff & Cohen, P.C., New York, NY. For Defendants-Appellees Mariner LDC, Structured Credit Opportunities Fund II, L.P., and Tricadia Credit Strategies Master Fund, Ltd., f/k/a Mariner-Tricadia Credit Strategies Master Fund, Ltd: Thomas J. Fleming, Olshan Frome Wolosky LLP, New York, NY. For Defendant-Appellee MBIA, Inc: Kevin J. Biron, Morgan, Lewis & Bockius LLP, New York, NY. For Defendant-Appellee MoneyGram Securities, LLC and its Successors in Interest: Brian Dillon, Gray, Plant, Mooty, Mooty, & Bennett, P.A., Minneapolis, MN. For Defendant-Appellee Morgans Financial Limited: Lewis J. Liman, Cleary Gottlieb Steen & Hamilton, New York, NY. For Defendant-Appellee Mulberry Street CDO, Ltd: Jack Yoskowitz, Seward & Kissel LLP, New York, NY. For Defendant-Appellee Natixis Financial Products LLC: Scott W. Reynolds, Chaffetz Lindsey LLP, New York, NY. For Defendant-Appellee PCA Life Assurance Co. Ltd: Nicholas P. Crowell, Jon W. Muenz, Andrew P. Propps, Sidley Austin LLP, New York, NY. For Defendant-Appellee RGA Reinsurance Co.: Emilio B. Nicolas, Jackson Walker LLP, Austin, TX. For Defendant-Appellee Security Benefit Life Insurance Co.: David Adler, McCarter & English, LLP, New York, NY. For Defendant-Appellee Shenandoah Life Insurance Company: Joseph J. Saltarelli, Hunton Andrews Kurth LLP. For Amicus Curiae Structured Finance Industry Group: Madlyn Gleich Primoff, Timothy P. Harkness, David Y. Livshiz, Henry V. Hutten, Jill K. Serpa, on the brief, Freshfields Bruckhaus & Deringer US LLP, New York, NY.

    Case Number: 18-1079

    Certain Priority Provisions Are Enforceable Under the Bankruptcy Code's Safe Harbor

  • Belton v. GE Capital Retail Bank

    Publication Date: 2020-06-22
    Practice Area: Bankruptcy | Creditors' and Debtors' Rights | Dispute Resolution
    Industry: Financial Services and Banking
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard Sullivan
    Attorneys: For plaintiff: For Appellees: Adam R. Shaw, Anne M. Nardacci, on the brief, George F. Carpinello, Boies Schiller Flexner LLP, Albany, NY; Charles Juntikka, Charles Juntikka & Associates LLP, New York, NY.
    for defendant: For Appellant GE Capital Retail Bank: Joseph L. Noga, Jenner & Block LLP, New York, NY; Matthew S. Hellman, Jenner & Block LLP, Washington, DC. For Appellants Citigroup Inc. and Citibank, N.A.: Eamon P. Joyce, Jonathan W. Muenz, Qais Ghafary, on the brief, Benjamin R. Nagin, Sidley Austin LLP, New York, NY.

    Case Number: 19-648

    Bankruptcy Code in 'Inherent Conflict' with Arbitration, Displaces FAA Under Circuit Law

  • June 16, 2020 | New York Law Journal

    2nd Circuit Blocks Post-Bankruptcy Arbitration in Consumer Debt Dispute

    The case exposed an ongoing tension between the provisions of the federal bankruptcy code and the Federal Arbitration Act, which requires courts to strictly enforce arbitration agreements.

    1 minute read

  • June 11, 2020 | The Legal Intelligencer

    Bigger Stakes, Lower Rates Lure Fox Rothschild's VC Co-Chair to Barton

    Randolph Adler says his new firm has been able to "brain drain" Big Law thanks to its approach to compensation and client service. "The midsized sophisticated boutique market is going to experience wild growth," he says.

    1 minute read

  • April 20, 2020 | The American Lawyer

    Sidley Picks Up Shearman Practice Leader As Pandemic Transforms Leveraged Finance Scene

    "It's a great time to be cash rich now," said Joshua Thompson, who was the head of Shearman's leveraged finance group.

    1 minute read

  • April 6, 2020 | Litigation Daily

    The Southern District of New York Held that Bangladesh Bank's Litigation to Recover Over $81 Million in Stolen Funds Was Properly Located in New York

    "While this sounds like a movie, it is not. It is real, and it is tragic. It involves the callous theft of much needed funds from the people of Bangladesh, for which the Bank serves as the Central Bank," write John J. Sullivan and Jesse Ryan Loffler.

    1 minute read

  • U.S. Bank Nat'l. Assoc. v. Lightstone Holdings LLC

    Publication Date: 2020-04-02
    Practice Area: Creditors' and Debtors' Rights | Mergers and Acquisitions
    Industry: Financial Services and Banking
    Court: Supreme Court, New York
    Judge: Justice Barry Ostrager
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 651951/2010

    Guarantors Improperly Orchestrated Return of Guaranty for Junior Lenders' Benefit

  • March 27, 2020 | Litigation Daily

    Litigator of the Week: In $100M Cyberheist, Sidley's Cheng Gets Case Tossed Against Bank 

    "A moment I will never forget is when I first met the chairman of RCBC in Manila,"said Sidley's Tai-Heng Cheng. "She ordered lunch for me and then looked me in the eye, and said, 'You better win this.' I'm glad we didn't let her down."

    1 minute read

  • February 25, 2020 | Law.com

    Compliance Hot Spots: Unsealed Order Disqualifying James Cole in Huawei Case | CFTC Case Raises Attorney Ethics Issues | Deep Dives on DOJ's Woes | Who Got the Work

    Welcome to Compliance Hot Spots! Newly unsealed: Read the order disqualifying Sidley's James Cole in the Huawei case. Plus, the feds are raising questions about a Skadden defense lawyer in Chicago. Scroll down for Who Got the Work, notable moves and much more.

    1 minute read

  • February 25, 2020 | The American Lawyer

    Eric Holder, Evercore Litigation Chief Urge 'Hope Over Cynicism' on Diversity in Law

    The former attorney general and Brogiin Keeton discussed progress, obstacles and paths forward for the industry.

    1 minute read